Fed hikes rates 25bp to 4.25% at September FOMC meeting, all 12 members voted in favor

The Federal Reserve raised its benchmark rate by 25 basis points to 4.25% at the September 15-16 FOMC meeting, with all 12 FOMC members voting in favor. The September statement added wording on geopolitical developments, resilient domestic spending and strong productivity growth, and the Fed released updated economic projections.

Detected & updated continuously · Source: Nebula